Wed AM Briefing: S&P Futures Roadmap: Today’s Key Levels and Room Strategy
Wed AM Briefing: Today’s Game Plan for Emini & Micro Traders Inside the Room
📖 Scripture of the Day
“Haven’t I commanded you? Be strong and courageous. Do not be afraid or discouraged, for the Lord your God is with you wherever you go.” — Joshua 1:9
💡 Tip of the Day
You’re in an environment where there’s very little follow-through — 90% of the time. Don’t chase moves. You’re either in the bounce or you’re not. Period. End of story. Let price do what it’s going to do. Most likely, it will come back on you. But hold a runner just in case your entry is the one that literally goes. That’s the power of the runner and the power of not chasing.
📆 Contract Rollover & CPI Streaming
This is the final week of the June contract. We’ll be watching the volume shift into September. Today is CPI day. I’ll be live for the CPI candle today, PPI tomorrow, and again Friday. Links are in the description. Join us 15 minutes before the market opens.
📊 Battle Plan Recap
Last night’s long entry was mapped out and performed well. I also marked a spot to add to the short if we dropped below a key line — rare for me to do that, but it was the night before CPI. Some long setups didn’t trigger, and that’s fine. You map out both longs and shorts, then wait for the setup to play out.
🌙 Overnight Price Action
Overnight wasn’t bearish. Strange candle reactions likely tied to a China report suggesting de-escalation. Price returned to a strong level and pulled back. We’re in yesterday’s upper distribution and still forming new highs. We’re about 2.4% away from the all-time high.
📏 Real vs. Adjusted All-Time High
Real all-time high: 6166.50. That’s the highest ES has ever traded. If you turn on the back-adjust setting, it shows ~6237 — but that’s artificial. Be sure to mark both, but remember: 6166.50 is the true price action level.
📉 Strong Level Setup
I’m looking for a push into the bull-bear line with a reclaim above it — that could be a long setup. No shorts today. The short setup was mapped the night before. CPI can cause wild moves, so only trade if it sets up properly. No limit orders. No guessing.
📓 Journaling Walkthrough
If you’re a member, you get access to our journaling software. My sticky note today says: “Take the L so you can see the next trade.” Looking at past CPI results in my journal — I tend to perform poorly. Two different CPI days, minus 20 points total. That’s why my goal is one and done, or don’t trade at all. This is the value of journaling.
📋 Discipline Over PNL
We’ve moved from PNL reporting to discipline scoring. You can be red and still earn an A+ if you followed your trade plan. The red days don’t bother me — poor-discipline days do. Stick to your plan. Follow the process. The green takes care of itself over time.
🎯 Trade Psychology & Final Thoughts
I rarely short ES anymore. That’s been my evolution. I prefer to long — ES is more well-behaved than NQ. My favorite setup? Bear trap — get the shorts excited, then rip. That’s the trade for life, in my opinion. My wife got great medical news yesterday. She cried with relief, and we went out for Leonar (lunch + dinner). Extremely thankful to the Lord, my wife, and my children.
❓ What’s the difference between the adjusted and unadjusted ES all-time high?
The adjusted all-time high (~6237) includes back-adjustments for rolling futures contracts, smoothing the chart. The unadjusted high (6166.50) reflects the actual highest price ES futures have ever traded. Most traders consider the unadjusted high more reliable for key levels and trade setups.
🧠 Why is journaling around CPI important?
Journaling reveals performance patterns around major events. This trader saw consistent underperformance near CPI releases and adjusted accordingly. Recognizing your strengths and weak spots through journaling leads to smarter trade planning and better discipline.
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The material in this course is general in nature. It does not constitute personal investment advice or personal trading advice. Any advice provided is general advice only and does not take into account an individual's risk profile or financial situation.
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